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NormATR

Article/Author: "Normalization", Brian R. Bell, S&C Magazine, Traders Tips, 10/2000

Download: normalize.ela

File Includes:
Function - NormATR
Function - NormAvg
Function - NormStdDev
Indicator - Osc Normalization

Category: Function > NormATR

Description:

Inputs:

EasyLanguage Code:
INPUTS: OSCVALUE(NUMERIC), NORMLENGTH(NUMERIC);

VARIABLE: ATR(0);

ATR = AVGTRUERANGE(NORMLENGTH);

IF ATR <> 0 THEN
NORMATR = OSCVALUE / ATR
ELSE
NORMATR = 0;